||COM SHS NPV (DI)
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|Caledonia Min Daily Update: Caledonia Min is listed in the Mining sector of the London Stock Exchange with ticker CMCL. The last closing price for Caledonia Min was 136.50p.|
Caledonia Min has a 4 week average price of 115.38p and a 12 week average price of 99.88p.
The 1 year high share price is 136.50p while the 1 year low share price is currently 38p.
There are currently 52,185,946 shares in issue and the average daily traded volume is 51,855 shares. The market capitalisation of Caledonia Min is £71,233,816.29.
|338: if the price of gold can really hit $1900 / oz in Dec
gold producers could double or triple their share price
|338: Hello Stigo,
I think the profit margin of CMCL is much higher than ASA because the cash cost for CMCL is under almost 30% lower than ASA. so, ASA will struggle if the gold price suddenly drop to under $1100/oz
In regards to producing gold CMCL will ramp it up to 60-65k in 2017 and then 80k in 2018. I believe the share price will explode if they can confirm that the reserve under 1100 meters is enough to produce at 80k+ for 20 years or so
Financially CMCL also healthier (no debt, nice dividend, etc) and CMCL has only circa 52 millions shares in the market comparing huge number of shares of ASA
However, both enjoying a good run at the moment so let's just enjoy it together.
|338: The share price of CMCL should be adjusted to reflect new exchange rate of US or Canadian $/£|
|338: Decision to leave EU helps the breakout... massive economic implication for UK & the world... should see a rally in gold price and share price of profitable gold producer|
|338: tree shaking by MM... CALVF in Nasdaq just broke US$1 barrier or 70p... so CMCL should jump up soon
|338: Most of African gold miners have increased by 270% so far and CMCL has been going up by 50% so far.
We are catching up much higher share price with next stop around 140p to level the piers.
CMCL will have a much higher production rate every year until 2021|
|338: This has now become a UK company (Plc) so we should see the share price to double quicker than expected :)|
|338: CMCL share price might go up (double) this year
|stemis: Not a great trading update but yield and cash should support share price.|
Depending on how low it will be and how long it will last... some people believe the gold price will be around US$1100 by Christmas but other believe US$1500...
Cash cost for operating CMCL in Q2 was $624 and dividend cost is 8 times covered by cash resources. CMCL can survive for selling gold at US$1100
Of course lower earning will reduce the generated net cash but should not affect dividend. That's way the management has committed to guarantee dividend next year, which is about 6% yield at share price of 100 canadian cents.|
Caledonia Min share price data is direct from the London Stock Exchange